Discover the reasons behind Ripple's sudden network halt and price decrease. Learn about the XRP market dynamics and recent developments.
In the past 24 hours, Ripple (XRP) price experienced intense selling pressure, dropping to $2.50. This decline coincided with a block production halt on the XRP Ledger blockchain for nearly an hour on Tuesday. Ripple’s Chief Technology Officer, David Schwartz, stated that the network has returned to normalcy after the outage, with no reports of transaction or asset loss. However, the exact cause of the issue remains unknown.
